The banks and companies listed below are now offering multiple private student loan options for the 2014 and 2015 quarters/semesters. Compare lenders, Review private loan offers and Apply online or by phone:
SimpleTuition : Offers alternative loans for higher education and private loan consolidation programs.
LendKey Formerly, CU Student Loans, a National group of Credit Unions offering Private financing for college in addition to private consolidation loans. 1-888-549-9050
SallieMae : offers an alternative to federal aid and loans with the Smart Option Student Loan. 1-888-2-SALLIE
Wells Fargo - Private education loans for undergraduate and graduate students. 1-800-658-3567
Discover : Discover offers student loan products for Undergraduates, Graduates, Healthcare, Law, Bar, MBA, Residency and more. 1-877-728-3030
SunTrust : Offering undergraduate and graduate students Custom Choice Loans, a private loan for higher education costs 1-800-552-3006
PNC Bank: The PNC Solution Loan™Private loan, available to undergraduates, graduates / professionals, health; and funds for law school, medical residency and relocation.
Union Federal Private Loans : 1-866-513-8445
Find Private Student Loan Lenders by State:
Student Loan Types
Going on to further your education can be daunting. You need to evaluate all of the options you have available and carefully review the interest rates and terms of every type of loan. Below are several options available to you as you search for how to deal with financing your higher education Direct Loans
There are different varieties of loan types for college. Each is highlighted below.
There are two kinds of Stafford loans available to students. Students with need qualify for the subsidized loans, and their institute of learning determines eligibility and the amount. The government pays the interest on Stafford loans that are subsidized.
Students that do not show need are eligible for unsubsidized loans. Loans are paid as the student goes, as in the student is responsible for paying the interest. If interest is not paid while the student is attending, this interest is accrued and adds to the total amount of the loan.
The Direct Plus loan is to help students cover expenses as they are attending school and to cover unforeseen circumstances. The interest rate for these loans is fixed at 7.9 percent and is dependent upon the borrower’s credit.
The Federal Perkins loan is loaned by the school a student attends, and comes from the government. The loan is a 5 percent loan and is for students with financial need that exceeds that of typical students. The funds come directly from the institute the student attends and is paid out a minimum of twice her academic year, typically by check.
There are no charges for the Federal Perkins loan outside of late charges or late penalties for skipping payment. An amount equaling up to $5,500 is possible for every undergraduate year of study. $8000 is available for graduate students and your financial need, time or application determines the amount that is received. Payment is required to begin nine months after graduation, or the student leaves school.